Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) ..
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Oil tumbles 2% to 3-week low on strong dollar, profit taking
NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar ..
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Dollar climbs to near 150 vs yen after US shutdown avoided, data
NEW YORK (Reuters) – The dollar index climbed on Monday, building on four straight weeks of gains after the U.S. government temp..
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Global stock index dips while bond yields, dollar climb
NEW YORK (Reuters) – MSCI’s global index of stocks kicked off fourth-quarter trading with a decline, while U.S. Treasury..
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Oil pares gains ahead of Fed Reserve comments
By Paul Carsten LONDON (Reuters) – Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and..
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EU launches first phase of world’s first carbon border tariff
BRUSSELS (Reuters) – The European Union launched on Sunday the first phase of the world’s first system to impose CO2 emiss..
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Tesla misses delivery estimates as factory upgrades curb production
(Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced productio..
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London stocks kick off Q4 lower as rising yields bite
(Reuters) -London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while defence firm BAE ..
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Germany’s Birkenstock targets over $9 billion valuation in US IPO
By Manya Saini (Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday ..
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France kicks off bird flu vaccination despite trade backlash risk
By Sybille de La Hamaide PARIS (Reuters) -France began vaccinating ducks against bird flu on Monday to try and stem the virus that ki..
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Euro zone factory activity stuck in steep downturn in Sept – PMI
LONDON (Reuters) – Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to ..
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STOXX 600 sinks to six-month low on higher bond yields
By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) -European stocks kicked off the final quarter on a negative note as highe..
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Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries
By Ludwig Burger and Niklas Pollard STOCKHOLM (Reuters) -Hungarian scientist Katalin Kariko and U.S. colleague Drew Weissman, who met..
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Environmental groups file complaint against France’s TotalEnergies over climate impact
PARIS (Reuters) – Four environmental organisations have started legal action against France’s largest energy company Total..
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Top central banks’ rate hike push fizzles out in September, EM parts ways
LONDON (Reuters) – Central banks across major developed economies delivered what looked like a last gasp set of rate hikes in Se..
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What is artificial general intelligence
Artificial General Intelligence (AGI) is a concept that has captured the imagination of scientists, researchers, and futurists for de..
Technology
Italy’s Enel sells 50% of its Australia green business to INPEX
MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’..
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Cellnex sells stake in units in Sweden, Denmark for $772 million to Stonepeak
MADRID (Reuters), it – Spanish mobile phone tower operator Cellnex said on Friday it sold a 49% stake in its Swedish and Danish..
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Nobel Peace Prize could honour Indigenous, women or green activists
By Gwladys Fouche and Ilze Filks OSLO/STOCKHOLM (Reuters) – Ukrainian President Volodymyr Zelenskiy and Russian dissident Alexe..
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Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season
(Reuters) – Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy sweaters and coats as th..
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Meta’s new AI assistant trained on public Facebook and Instagram posts
MENLO PARK, California (Reuters) -Meta Platforms used public Facebook and Instagram posts to train parts of its new Meta AI virtual as..
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UK business confidence slips in September: Lloyds Bank
LONDON (Reuters) – British business confidence declined in September as optimism about the economic outlook faded, a survey show..
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Exclusive-Travelex owners considering sale of company –sources
By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Travelex’s owners are exploring a sale of the British curre..
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Oil jumps 3% as steep US crude stocks draw adds to supply concerns
HOUSTON (Reuters) -Oil prices surged 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of tight glob..
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Sizes of European government debt trades halve in 2023-ICMA
By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bo..
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Meta’s new Quest headset to start shipping on Oct 10 -Zuckerberg
Meta’s new Quest headset to start shipping on Oct 10 -Zuckerberg By Katie Paul and Anna Tong MENLO PARK, California (Reuters) -M..
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Shopify invests in wholesale platform Faire
LONDON (Reuters) – E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a glo..
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Bank of England delays final Basel bank capital rules to July 2025
LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final le..
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Germany halts e-cars solar subsidy programme amid high demand
BERLIN (Reuters) – Germany’s state-owned KfW bank on Wednesday said it had halted a new subsidy programme for charging ele..
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UK’s Hiscox to sell Singapore and Thailand insurance business
(Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore..
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Germany bans neo-Nazi group, raids members’ homes
BERLIN (Reuters) – German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser ba..
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Dollar scales 10-month top as rate jitters persist
By Rae Wee SINGAPORE (Reuters) – The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and..
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Merchants want lower fees, need Amazon’s ads as US FTC files suit
RALEIGH, North Carolina (Reuters) – Merchants who sell on Amazon.com want the online retailer to cut back on fees while some als..
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Bank of England to leave rates on hold through mid-2024, cut in Q3: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England has concluded its tightening cycle and will likely keep the Ban..
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French shoppers buy fewer tampons, less detergent as prices surge
By Richa Naidu and Helen Reid LONDON (Reuters) – French consumers are buying fewer personal hygiene and household products, sac..
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Shutdown showdown in US Congress: Time running short to fund government
WASHINGTON (Reuters) – The U.S. House and Senate on Tuesday plan to take sharply divergent paths in a high-stakes spending battl..
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Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
LONDON (Reuters) – Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) d..
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